News stories about China Automotive Systems (NASDAQ:CAAS) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Automotive Systems earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the auto parts company an impact score of 46.8217576594855 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts recently issued reports on CAAS shares. ValuEngine raised China Automotive Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Zacks Investment Research cut China Automotive Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
Shares of China Automotive Systems (NASDAQ CAAS) traded down $0.12 during mid-day trading on Tuesday, hitting $4.97. The stock had a trading volume of 22,000 shares, compared to its average volume of 41,703. The stock has a market cap of $157.26, a P/E ratio of 6.36 and a beta of 2.38. China Automotive Systems has a fifty-two week low of $4.30 and a fifty-two week high of $7.96.
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About China Automotive Systems
China Automotive Systems, Inc, (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry.
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